BTC Update 05/07/2024, 62656(-0.2%)
BTC Update 05/07/2024, 62656(-0.2%)
Journaling days: 24
BTC printed its lowest 62656 at 02:16/05/07/24
BTC printed its highest 65500 at 15:28/05/06/24.
Journal time: May 6th-7th. 7am-7am UTC+7.
The gap between the Lowest and the Highest is 4.53%
BTC Prediction for 05/07-05/08
Short target: 65500
Long target: 62655.5
Prediction active at 10:00am 05/07 and expired at 07:00am 05/08/24 UTC+7.
Tendency: Bullish
BTC Prediction for 05/06-05/07 (Update)#Final
Short auction's drawdown: -1.32%
Long auction's drawdown: -0.28%
I counted a drawdown from BTC touching the target line until TP's line. Currently, a minimum Take profit ideal for me is 1%.
To recap:
Yesterday, I said it's difficult for my mind to accept that "short" will be a profitable decision, and yet again, I rewound, witnessing the fact that, yet again, my gut was doing injustice with the rule I set.
Limit Short: The Limit short was opened at 15:14, 05/06. From there, BTC aggressively crawled up, and I am confident my bullish gut was correct this time. BTC crossed local ATH 65500 at 15:28 and officially closed my previous auction, which had been open for 5 days. For 2 hours and 15 minutes, BTC left my Short auction in red. Starting at 17:36, however, BTC turned the table again and left me with another mental lesson to learn. From there, BTC gradually dropped to 63780 at 17:49, moved up, crossing the wPoc line several times, and dived to -1.30%. BTC tried to cross the wPoc line once again but then repeated another dive. This time, hit the lowest line of the day at 62900. From the short trader's perspective, the limit short won around +2.60% that day, and the exciting event was BTC did not leave the short-term long trader empty-handed.
Limit Long: After touching -2.60%, or +2.60% from the Short trader perspective, BTC slowly moved up. But before touching the wPOC line, it replayed a bearish pattern until eventually crossing the "long" target I set earlier at 62833 at 02:15, 05/07. Later, BTC gradually crawled up, crossing the >+1% profit threshold at 04:26. From there, BTC withdrew -1% (07:19), bounced, reclaimed the previous >+1% win, and gave another +0.79% (08:48) as a loyal bonus for the long trader.
In general, I am bullish on BTC at the moment (probably until BTC prints a new ATH after the current halving). I am sure that is why I feel anxious to bet "short" whenever a new potential opportunity arrives. Yes, it is a bad trait, and I need to consolidate it if I want to grow my portfolio to 100,000Xs before BTC prints a million dollars a coin.
Wish me luck
BTC Prediction for 05/01-05/02 (Update)#Final
In this sixth trading session of the current auction, my targeted long position, 59150, opened at 14:05/05/01/24. TP: 64700. Today, I also saw BTC cross 64575, a fair profit line, and my personal TP line for that day, which I have journaled in detail here.
BTC Prediction for 04/25-26/24 (Update)#12
At 17:10, 04/25/24, BTC crossed my long target price of 63575. My TP is 66.000. Today is the twelfth trading session; I am waiting for BTC to close my TP.